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Press release

Ventura Offshore Holding Ltd.: DS Atlantic Zonda commences operations

Ventura Offshore Holding

April 19, 2025 - Ventura Offshore Holding Ltd (the “Company”) is pleased to announce the commencement of operations for the Atlantic Zonda under a 3-year contract, with an option for additional 3 years, with Petrobras. The Atlantic Zonda is managed by Ventura Offshore through marketing and operating agreements with the rig owner, Eldorado Drilling, and the Company will earn its management fees and reimbursable revenues from these agreements.

Following the delivery of the Atlantic Zonda from Samsung shipyards, contract preparations were meticulously carried out in Singapore, where the rig was upgraded with the most advanced technological drilling package available. The Atlantic Zonda is a state-of-the-art, full dual activity rig equipped with Managed Pressure Drilling (MPD) capability. This cutting-edge rig will be operating for Petrobras over the next three years, marking a significant milestone in our ongoing and long-lasting partnership.

Guilherme Coelho, CEO of Ventura Offshore, said: “We extend our heartfelt congratulations to the entire Ventura Offshore team for achieving this important milestone. Their dedication and hard work have been instrumental in bringing this project to fruition. Additionally, we would like to express our sincere gratitude to Eldorado Drilling for their invaluable partnership and support throughout this endeavor. We look forward to delivering safe and efficient operations to Petrobras with the Atlantic Zonda.”

Svend Anton Maier, CEO of Eldorado Drilling, commented: "We are excited to commence the contract made possible through our strong relationship with Ventura and the hard work, dedication and commitment of the entire Zonda project team."

For further queries, please contact:

Guilherme Coelho
Chief Executive Officer
+55 21 99311 1167
guilherme.coelho@ventura-offshore.com

About Ventura Offshore Holding Ltd.
Ventura Offshore Holding Ltd. is a deep water drilling contractor providing deep water offshore drilling services to the oil and gas industry. The Company's core activities are focused in the Brazilian offshore oil and gas market. The Company owns and operates one drillship, DS Carolina, and two semisubmersible drilling rigs, SSV Victoria and SSV Catarina, and manages one drillship, Zonda. The Company is incorporated under the laws of Bermuda.

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